The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand this.
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Cryptocurrency Community Expert: March 4, 2025 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 89,350. It is now 2:15 AM Beijing time. Yesterday, I reminded everyone that as long as it doesn't break 95,000, it can be used as an entry point for a downward move. After failing to break through 95,000 consecutively, we can move down from 94,400, targeting to take some profits at 90,000. After breaking below 90,000, everyone can gradually exit. As for whether the main force will test the bottom at 85,000, we will leave that to time. It is clear that the bottom testing has not ended. Do not chase the market down; protect your holdings and wait for key points to start moving up again.
As of the time of writing, the daily candlestick chart shows a high of 94,420 and a low that has already dropped below 89,000, still some distance from yesterday's low of 85,000. The current trend's resistance level is focused on the EMA120 key point at 92,000, while the lower support line at 0.236 is at 85,500. The MACD shows a decrease in volume, indicating that the bulls have not completely lost ground. The DIF and DEA are about to contract, and the Bollinger Bands are expanding, indicating an overall bearish trend. In the short term, the bears are dominant, with the lower support at 83,000 serving as the second key point for moving up.
Now looking at the four-hour candlestick chart, it is starting to test the EMA30 key support at 88,000. If it holds, it will continue to follow a U-shaped trend; if it fails, it will test the vacuum area. The MACD shows a decrease in volume, with the DIF and DEA contracting downwards. The upper resistance level of the Bollinger Bands has dropped to 94,500. The candlestick has risen above the middle band support at 87,600. In the short term, both bulls and bears have space, and cautious investors should observe. The KDJ shows a clear downward expansion trend, and since the market has not entered an extreme oversold area, I previously advised against moving up too early.
Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.
For upward testing, entry points are 85,500 to 86,000, with a defense at 84,500 and a stop-loss of 500 points. The target is 86,000 to 87,000, with a breakout target of 87,500 to 88,000.
For downward testing, entry points are 90,000 to 91,000, with a defense at 91,500 and a stop-loss of 500 points. The target is 89,000 to 88,000, with a breakout target of 87,500 to 87,000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique views. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!
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